Again money, stocks, and bonds are not capital. Capital is name for things that capitalists have invested in in order to make and sell commodities for profit.
Financial Capital is not capital. It is not even paper. Its speculation and rent.
Saudi Arabia sells oil to america but the Saudis can’t buy whatever they want. Their money has to stay in america. They only get to buy enough american military equipment to keep their neighbors from invading and their people from revolting. The rest they have to spend on stocks (but never controlling interest.) They aren’t even allowed to buy gold bullion. Their finance “capital” is only able to produce more “capital” and nothing else. If they can’t use it for anything else it is worthless.
You can’t “just sell” stocks, there has to be someone to buy them (and they’ll get them cheap). Regardless of who owns the stocks or what they are valued at there is capital in europe and that capital has productive capacity. The owners will want that capital, whether it is factories or farmland or data centers, to work at capacity to generate maximum profit. Being subject to the whims of empire is the primary impediment to profits.
Sucking stock value from europe and injecting it into america will not make america produce more. The factories will stay in europe. All the process will accomplish is putting the economic leverage in the hands of european capitalists who are willing to stand up to the american empire.
If capitalists divest themselves of european based Capital they will become poorer because money alone does not generate commodities. They might get more dollars but those dollars are becoming worthless.
The value of us dollars is based only on confidence. Trumps trade wars have forced people to see the difference between industrial power and financial power and it is destroying confidence in the dollar. We are getting near the point where you cant buy rare earth minerals with dollars and you will have to pay for them with other currency and kind words to the CPC.
The capitalists in europe will not get richer unless they make a break with american imperial policy. This “trade agreement” is making that obvious to everyone. It is a direct attack on european capital and while many will turn the other cheek, some are surely plotting their resistance.
Capitalists are not a monolith. Some of them like the donald and crypto bros don’t have materialist perspectives on wealth but they are not industrial capitalists. They are finance capitalists and they only deal in theoretical economics never in the physical reality. That is why every move made under this administration has made their situation worse.
There are a good number of capitalists who deal in real things like agriculture and manufacturing and they have no choice but to have a materialist understanding of wealth because they deal with materialist conditions every day. Just because you don’t see these people pushing back against financialization doesn’t mean they aren’t aware of the repercussions and aren’t preparing to use the inevitable collapse to their advantage.
We aren’t talking about american companies. We are talking about European Capital. The owners of which can surely see that being friends with usa is hurting their profits. Only a fool would doubt that there are some of european capitalists who can see what is right in front of their face and are working to change the situation in their benefit.
deleted by creator
Again money, stocks, and bonds are not capital. Capital is name for things that capitalists have invested in in order to make and sell commodities for profit.
Financial Capital is not capital. It is not even paper. Its speculation and rent.
Saudi Arabia sells oil to america but the Saudis can’t buy whatever they want. Their money has to stay in america. They only get to buy enough american military equipment to keep their neighbors from invading and their people from revolting. The rest they have to spend on stocks (but never controlling interest.) They aren’t even allowed to buy gold bullion. Their finance “capital” is only able to produce more “capital” and nothing else. If they can’t use it for anything else it is worthless.
You can’t “just sell” stocks, there has to be someone to buy them (and they’ll get them cheap). Regardless of who owns the stocks or what they are valued at there is capital in europe and that capital has productive capacity. The owners will want that capital, whether it is factories or farmland or data centers, to work at capacity to generate maximum profit. Being subject to the whims of empire is the primary impediment to profits.
Sucking stock value from europe and injecting it into america will not make america produce more. The factories will stay in europe. All the process will accomplish is putting the economic leverage in the hands of european capitalists who are willing to stand up to the american empire.
deleted by creator
If capitalists divest themselves of european based Capital they will become poorer because money alone does not generate commodities. They might get more dollars but those dollars are becoming worthless.
The value of us dollars is based only on confidence. Trumps trade wars have forced people to see the difference between industrial power and financial power and it is destroying confidence in the dollar. We are getting near the point where you cant buy rare earth minerals with dollars and you will have to pay for them with other currency and kind words to the CPC.
The capitalists in europe will not get richer unless they make a break with american imperial policy. This “trade agreement” is making that obvious to everyone. It is a direct attack on european capital and while many will turn the other cheek, some are surely plotting their resistance.
deleted by creator
Capitalists are not a monolith. Some of them like the donald and crypto bros don’t have materialist perspectives on wealth but they are not industrial capitalists. They are finance capitalists and they only deal in theoretical economics never in the physical reality. That is why every move made under this administration has made their situation worse.
There are a good number of capitalists who deal in real things like agriculture and manufacturing and they have no choice but to have a materialist understanding of wealth because they deal with materialist conditions every day. Just because you don’t see these people pushing back against financialization doesn’t mean they aren’t aware of the repercussions and aren’t preparing to use the inevitable collapse to their advantage.
deleted by creator
We aren’t talking about american companies. We are talking about European Capital. The owners of which can surely see that being friends with usa is hurting their profits. Only a fool would doubt that there are some of european capitalists who can see what is right in front of their face and are working to change the situation in their benefit.